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Bhanzu Secures $16.5 Million Funding Led by Epiq Capital to Enhance US Presence and Invest in AI-thumnail

Bhanzu Secures $16.5 Million Funding Led by Epiq Capital to Enhance US Presence and Invest in AI

Edtech startup Bhanzu has raised $16.5 million funding in a round led by venture capital firm Epiq Capital. This gives Hyderabad-based the company a valuation of around $120-122 million. Mumbai-based

Business

Nov 11, 2024

DIFC Successfully Redeems $700 Million Sukuk, Affirming Financial Strength and Sustainable Strategy-thumnail

DIFC Successfully Redeems $700 Million Sukuk, Affirming Financial Strength and Sustainable Strategy

Key Milestone in Sustainable Financing The Dubai International Financial Centre (DIFC) recently achieved a significant financial milestone by fully redeeming and repaying a $700 million sukuk on schedule. This successful

Business

Nov 11, 2024

Groww Enters Into 12.59 Million Active Users, Tightening the Lead Over Zerodha-thumnail

Groww Enters Into 12.59 Million Active Users, Tightening the Lead Over Zerodha

Bengaluru-headquartered stock broker Groww has achieved an impressive milestone as a member of the Indian fintech ecosystem, seeing a meteoric rise in its active user base – it now stands

Business

Nov 11, 2024

Talabat to Offer 15% of It’s Stake to the Public-thumnail

Talabat to Offer 15% of It’s Stake to the Public

Overview of IPO and Key Stakeholders Talabat Holding, a leading food delivery platform in the Middle East and a subsidiary of Delivery Hero (DHER.DE), is to raise its capital in

Business

Nov 11, 2024

Amazon India Marketplace Clocks ₹588 Crore Adjusted EBITDA in FY24-thumnail

Amazon India Marketplace Clocks ₹588 Crore Adjusted EBITDA in FY24

Amazon India’s marketplace has delivered a fiscal year of ₹588.6 crore adjusted EBITDA in FY 2024, marking a strong reflection of the group’s continuing growth trajectory. The momentum towards consolidated

News

Nov 11, 2024

Dubai Real Estate: Apartments Lead with $31.8 Billion in Q3 Transactions-thumnail

Dubai Real Estate: Apartments Lead with $31.8 Billion in Q3 Transactions

Key Insights on Growth in Transactions, New Units, and Investor Demand. The last available statistics from Land Sterling show that Dubai’s property sector clocked more than 47,300 transactions in the

Business

Nov 9, 2024

Dubai Weekly Funding Roundup: 4th November – 9th November, 2024-thumnail

Dubai Weekly Funding Roundup: 4th November – 9th November, 2024

Dubai’s investment ecosystem continues to boom as some of its companies in multiple sectors attract deep pocket funding. In this regard, some rich investments were made this past week for

Business

Nov 9, 2024

Amagi Reports Strong Growth and Reduced Losses, Eyes IPO-thumnail

Amagi Reports Strong Growth and Reduced Losses, Eyes IPO

Bengaluru headquartered cloud media SaaS technology company Amagi has turned out to report impressive growth while losing much less compared to the past fiscal year recently closed. The company had

Business

Nov 9, 2024

Weekly Report of Startup Funding and Acquisitions in India (Nov 4 – 9, 2024)-thumnail

Weekly Report of Startup Funding and Acquisitions in India (Nov 4 – 9, 2024)

During the week of November 4 to 9, 2024, the Indian startup ecosystem was witness to strong funding activity wherein 25 startups raised about $138.7 million. This week’s funding was

Business

Nov 9, 2024

Ola Electric Posts Q2 Results As Net Loss Narrows to ₹495 Crore, Revenue Surges 39%-thumnail

Ola Electric Posts Q2 Results As Net Loss Narrows to ₹495 Crore, Revenue Surges 39%

Ola Electric filed its earnings results for the September quarter of FY25 reporting net loss of ₹495 crore. According to the report, this is said to be narrower than what

Business

Nov 8, 2024

Perfios Achieves 37.1% Revenue Growth, Reaches Unicorn Status in FY24-thumnail

Perfios Achieves 37.1% Revenue Growth, Reaches Unicorn Status in FY24

Perfios, a SaaS-based B2B fintech firm has set the bar pretty high with tremendous growth in the fiscal year ending March 2024 where the revenue has recorded a staggering 37.1

Business

Nov 8, 2024

Everest Fleet Posts 120.7% Revenue Increase, Remains Profitable Despite Shifting Operating Environment-thumnail

Everest Fleet Posts 120.7% Revenue Increase, Remains Profitable Despite Shifting Operating Environment

Uber-funded mobility startup Everest Fleet has reached the desired milestone in its growth trajectory, with over two-fold growth in revenue with equally impressive profit margins in FY23-24 ending March 2024.

Business

Nov 8, 2024


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